VituVingiSana wrote:Impunity wrote:Spikes wrote:VituVingiSana wrote:@Obiero - You are in luck. Kestrel has 1mn KQ shares for sale at 4.30 but negotiable.
@obiero sub 4/- is likely today.
This is the week of sub-4...then by Madaraka day, my sub-2 bob will be realized.
Anybody buying this stock is either a FOOL or someone trying to wash the Eurobond.
And a fool and his money are soon parted...hizo 106,000 KQ shares worth Kes.400,000 on paper will soon be parted with their foolish (forgive me for using this term) owner.
KQ Year end Mar 2016. I expect another operational loss. A narrower loss may be expected thanks to asset sales.
Williamson Year End Mar 2016. I expect record profits perhaps even EPS of 50/-. A dividend of 40/-.
@Obiero - How many shares in KQ does Mbuvi have?
@Impunity - Why would you even consider buying KQ at 2/-?
Why would Williamson Tea expect record profits?
Tea prices are on an all time low. Data from the IMF shows that tea prices have dropped 29 per cent from $3.87 a kg in August 2015 to $2.87 a kg in February 2016 on rising supply.
This stock seems to be a solid buy at 175/= but I am wondering whether I should expect it to shed a little more value before I purchase it.
There also the issue of their land lease expiring which may not be renewed hence a big blow to them. See,
http://www.nation.co.ke/.../-/a1yo9oz/-/index.html
Even if they did record high profits, might they not be quite stingy with their dividends unlike before amidst all of this?
Otherwise, the stock seems like a good buy due to good leadership, expected price increases due to predicted forthcoming drought hence high demand. The Lipton tea brand still remains a strong seller and the company has cut costs by introduction of tea plucking machines